Close Menu
TechCentralTechCentral

    Subscribe to the newsletter

    Get the best South African technology news and analysis delivered to your e-mail inbox every morning.

    Facebook X (Twitter) YouTube LinkedIn
    WhatsApp Facebook X (Twitter) LinkedIn YouTube
    TechCentralTechCentral
    • News

      New MD for Dell South Africa

      18 June 2025

      How a dowdy database maker became an investor darling

      18 June 2025

      Who let the dogs order? Sixty60 now delivers for Fido

      18 June 2025

      Chief sub-editor wanted – help shape South African tech media

      18 June 2025

      Starlink to South Africa: ‘We are ready to invest’

      17 June 2025
    • World

      Trump Mobile dials into politics, profit and patriarchy

      17 June 2025

      Samsung plots health data hub to link users and doctors in real time

      17 June 2025

      Beijing’s chip champions blacklisted by Taiwan

      16 June 2025

      China is behind in AI chips – but for how much longer?

      13 June 2025

      Yahoo tries to make its mail service relevant again

      13 June 2025
    • In-depth

      Meta bets $72-billion on AI – and investors love it

      17 June 2025

      MultiChoice may unbundle SuperSport from DStv

      12 June 2025

      Grok promised bias-free chat. Then came the edits

      2 June 2025

      Digital fortress: We go inside JB5, Teraco’s giant new AI-ready data centre

      30 May 2025

      Sam Altman and Jony Ive’s big bet to out-Apple Apple

      22 May 2025
    • TCS

      TCS+ | AfriGIS’s Helen Hulett on how tech can help resolve South Africa’s water crisis

      18 June 2025

      TechCentral Nexus S0E2: South Africa’s digital battlefield

      16 June 2025

      TechCentral Nexus S0E1: Starlink, BEE and a new leader at Vodacom

      8 June 2025

      TCS+ | The future of mobile money, with MTN’s Kagiso Mothibi

      6 June 2025

      TCS+ | AI is more than hype: Workday execs unpack real human impact

      4 June 2025
    • Opinion

      South Africa pioneered drone laws a decade ago – now it must catch up

      17 June 2025

      AI and the future of ICT distribution

      16 June 2025

      Singapore soared – why can’t we? Lessons South Africa refuses to learn

      13 June 2025

      Beyond the box: why IT distribution depends on real partnerships

      2 June 2025

      South Africa’s next crisis? Being offline in an AI-driven world

      2 June 2025
    • Company Hubs
      • Africa Data Centres
      • AfriGIS
      • Altron Digital Business
      • Altron Document Solutions
      • Altron Group
      • Arctic Wolf
      • AvertITD
      • Braintree
      • CallMiner
      • CYBER1 Solutions
      • Digicloud Africa
      • Digimune
      • Domains.co.za
      • ESET
      • Euphoria Telecom
      • Incredible Business
      • iONLINE
      • Iris Network Systems
      • LSD Open
      • NEC XON
      • Network Platforms
      • Next DLP
      • Ovations
      • Paracon
      • Paratus
      • Q-KON
      • SevenC
      • SkyWire
      • Solid8 Technologies
      • Telit Cinterion
      • Tenable
      • Vertiv
      • Videri Digital
      • Wipro
      • Workday
    • Sections
      • AI and machine learning
      • Banking
      • Broadcasting and Media
      • Cloud services
      • Contact centres and CX
      • Cryptocurrencies
      • Education and skills
      • Electronics and hardware
      • Energy and sustainability
      • Enterprise software
      • Fintech
      • Information security
      • Internet and connectivity
      • Internet of Things
      • Investment
      • IT services
      • Lifestyle
      • Motoring
      • Public sector
      • Retail and e-commerce
      • Science
      • SMEs and start-ups
      • Social media
      • Talent and leadership
      • Telecoms
    • Events
    • Advertise
    TechCentralTechCentral
    Home » News » Avito, Tencent fuel Naspers share surge

    Avito, Tencent fuel Naspers share surge

    By Agency Staff25 October 2015
    Twitter LinkedIn Facebook WhatsApp Email Telegram Copy Link
    News Alerts
    WhatsApp
    The Naspers head office in Cape Town
    The Naspers head office in Cape Town

    It’s no surprise that Internet and media group Naspers on Friday announced a US$1,2bn (R16bn) deal to become the largest shareholder in Avito, the leading online classifieds platform in Russia, Mof Terreblanche, a director of Stonehage Investment Partners, said on Friday.

    He pointed out that Naspers started investing in Avito in 2013 and has now increased its stake from 17,4% to 67,9% on a fully diluted basis.

    Naspers shares ended 3,8% stronger at R2 030,62 on Friday, after reaching R2 038,57 earlier in the session, a new 52-week high.

    Putting the share surge into perspective, Terreblanche said that over the past 10 days there has been an uptick in global markets in general, “so there is already a positive market tone”.

    On top of that, China has decided to cut interest rates. This is normally a positive sign, but it is also a sign that not all is going so well in the Chinese economy, because interest rates had to be cut to keep the economy going.

    The R852bn Internet and media giant specifically benefited from the increase in the share price of Tencent, the Chinese Internet giant in which it holds 34,4%.

    Tencent, which has a market cap of HK$1,4 trillion, rose by 2% to HK$149,20 on Friday.

    Terreblanche described the latest Naspers deal as interesting, as the South African-based company already has a 29% stake in another Russian e-commerce company, Mail.ru.

    Avito is not a listed company and Terreblanche reckons Naspers might also be interested to see its real value unlocked should the company decide to do an initial public offering at a later stage.

    “In total, I think we do not have to get too excited about the Naspers share price at the moment. It is certainly not a negative that they increased their stake in a company with a good potential, while at the same time also getting a boost from the existing investment in Tencent,” he said.

    “Naspers is merely continuing to build its interests in the online world, an area well known to CEO Bob van Dijk. I am not surprised by the latest investment as this is the direction in which the group believes the future lies.”

    Van Dijk said on Friday the Russian e-commerce market is expected to grow significantly, with more people gaining online access. “Over time, e-commerce ratios should move in line with other large countries,” he said on the Avito deal.  — Fin24



    Avito Bob van Dijk Mail.ru Mof Terreblanche Naspers Tencent
    Subscribe to TechCentral Subscribe to TechCentral
    Share. Facebook Twitter LinkedIn WhatsApp Telegram Email Copy Link
    Previous ArticleMxit to be closed down
    Next Article Why SA isn’t ready for free education

    Related Posts

    China is behind in AI chips – but for how much longer?

    13 June 2025

    Amazon turns up the heat on Takealot

    3 June 2025

    Top executive steps down at Prosus

    3 June 2025
    Company News

    Disrupt first, ask questions later – the uncomfortable truth about incident response

    18 June 2025

    Sage brings together HR leaders to explore the future of payroll and people management

    18 June 2025

    Altron: a brand journey, a birthday celebration and a bet on Joburg’s future

    17 June 2025
    Opinion

    South Africa pioneered drone laws a decade ago – now it must catch up

    17 June 2025

    AI and the future of ICT distribution

    16 June 2025

    Singapore soared – why can’t we? Lessons South Africa refuses to learn

    13 June 2025

    Subscribe to Updates

    Get the best South African technology news and analysis delivered to your e-mail inbox every morning.

    © 2009 - 2025 NewsCentral Media

    Type above and press Enter to search. Press Esc to cancel.